Soybean futures gain on spot demand

New Delhi, Feb 3 () Soybean prices on Monday rose by Rs 4 to Rs 4,086 per quintal in futures market as traders created fresh positions on strong spot demand.

On the National Commodity and Derivatives Exchange, soybean for February delivery rose by Rs 4, or 0.10 per cent, to Rs 4,086 per quintal with an open interest of 1,04,090 lots.

Soybean for March delivery rose by Rs 8, or 0.20 per cent, to Rs 4,074 per quintal with an open interest of 1,22,245 lots.

Market players said raising of fresh positions by speculators on the back of higher demand led to rise in soybean prices. VHP SHW SHW